Is It Still Ok To Buy BTC At $43875 ?

[Ravichnadra]

Edited Subject -


Not really know if i can buy or go for other alt coins

[Oshosondy]

You ask a question and also you answered the question yourself. If you know how to invest and when the invest and the reason to invest, why come up with this thread.

Consider diversifying your investments and not putting all your funds into a single asset, especially a highly volatile one like Bitcoin.

I will not say people should not diversify but they should do it wisely. Altcoins are gambling, you can see how they increase significantly recently and now dumping significantly when bitcoin price is not really falling. Altcoins are gambling.

[retreat]

If you already know the answer why bother asking again? The point is that if you believe in the potential of Bitcoin and plan to invest long term, you can start investing at any price and there is no such thing as too expensive or too late to start investing in Bitcoin.

[Majestic-milf]

 It's obvious you aren't asking to know as you have the answer already. It doesn't matter how much Bitcoin is ATM, you can still purchase a little bit, depending on how much you want to start up with and continue your hodling journey. Bitcoin like you pointed out is a volatile coin and has the penchant to shoot up, which means no matter the price it is now, it can still go up and you'd still get profit; that's if you bought.
 Some investors get dettered by the current price simply because they feel that for you to join the Bitcoin movement, you need to purchase 1bitcoin and this thought makes them miss out.
As you pointed out again, it's not advisable to put all your money in Bitcoin investment that's why we tell people to invest with what they can afford to lose.

[peter0425]

Good Day to all!


Investing in Bitcoin or any cryptocurrency depends on several factors, including your financial situation, risk tolerance, and investment goals. Currently, the price of Bitcoin at $43,875 is high compared to historical averages, but cryptocurrency markets can be unpredictable and change rapidly.

Bitcoin remains volatile, and while it has shown growth over time, there are no guarantees in investing. Understanding the technology, the market trends, and the potential risks is essential. Consider diversifying your investments and not putting all your funds into a single asset, especially a highly volatile one like Bitcoin.


Lastly, consider your long-term investment strategy. If you believe in the potential of Bitcoin and blockchain technology and are prepared for the associated risks, investing a portion of your portfolio might align with your goals. But always proceed with caution and do thorough research before making any investment decisions.

Your own question is answered by your own post , so what are you really trying to imply here ?

43,875$ but look at the price now? it climbed to 44.100$ already  so why asking this to be a not so good idea?

all investment is risky , so what more we need to understand and learn when you can expect risk if you wanted to earn better.

[rodskee]

Never  doubt investing in bitcoin mate , even if the price rose up to 50k usd mate 43 thousand
is truly high comparing to how much the price in the past year and why not we consider buying then? that is
the problem in most of people they tend to question the price when it is climbing but do not consider buying
when the price is lower? that is the bad idea and attitude of many of us.

[hugeblack]

We are now at a crossroads, as there are only two days before we see any news about the ETF, which may move the price from the range of 52k to 32k. The opportunity to take risks now is great and the quick profit is promising.

If you want a short-term investment, wait until January 10 and place a buy order at $49,000. Then, if the price breaks the barrier of that level, the order will be executed and you will have won by selling it at 52k-56k. Otherwise, the order will not be executed and you will buy at levels less than $40,000 which will be a good start for long term investment.

[mich]

Yes I do think we can still be ok to buy Bitcoin at price of $43,875. That is still less then what the most recent high was of close to $45,000.
We know we are going to get big profits anytime now when Bitcoin ETF is approved. And now Japanese e-commerce marketplace Mercari will soon accept Bitcoin as payments for more 'bullish news'.
https://coingape.com/bitcoin-payments-to-be-valid-at-japanese-e-commerce-giant-mercari-very-soon/

[kotajikikox]

Edited Subject -


Not really know if i can buy or go for other alt coins

so Focus in Bitcoin mate , though you can add some altcoins but majority of your coins must be in Bitcoin specially that now it has low price comparing to the value back in the ATH.
I believe you can just carry your plans but please add bitcoin though.because it is the safest you can have in our crypto time now.

[ajiz138]

You still have doubts about the price you mentioned that it is still too expensive for you? If that doubt is making you depressed then don't buy it choose another option that makes you confident.

I don't really understand why many say "is the current price worth buying?" This may be what beginners often say, maybe they think it's short-term but for me it's wrong, however bitcoin is a long-term that must be HODLed on an annual basis.

Now the ETF is the news to wait for because there are only a few days left for the news to be approved or not, if no one predicts the price can correct further, but if approved the price will be a high surge, you just have to choose whether to buy or not, but altcoin advice I'm not so sure unless you are short-term for investment.

[Nrcewker]

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Not really know if i can buy or go for other alt coins

Definitely it’s worth to buy the coins at that price. You need to think big OP. Bitcoins are limited in numbers and very rare. There are fixed supply of Bitcoins. Hence no more Bitcoins can be created or made from this air. So in this type of situation if you have enough Bitcoins with you then definitely a time will come where there will be scarcity of coins and you will have sufficient. At that time you can sell the coins in very high rate and you will make the highest profit by fulfilling other people’s demand.

[EarnOnVictor]

Not really know if i can buy or go for other alt coins

My candid advice for you is to go for both, Bitcoin is high in price now so there is little you can gain from it again. But yes, you can still buy at $43,875 and even higher prices than that. I can only advise you to DCA your risk, that is what you can do in a situation like this which is highly uncertain as to whether you can be at an advantage or disadvantage buying at once. For this, DCA will lessen the risk of uncertainty and you will be just fine about it.

In case you do not know the meaning of DCA, you can google it for a better understanding. Again, I still advise you that you should invest some part of the money in Bitcoin while the other part is to be invested in altcoins. The altcoin season is still coming and they will dangerously move higher. Since they are still in their low prices not minding the ones that have moved in multiples in recent months, you can still get to make huge money in the multiple of your investment. If I were you at this stage, I might want to invest 30% of the money in Bitcoin and spread the rest on altcoins. With that, you've diversified your portfolio and success will be made over time.

[batang_bitcoin]

Not really know if i can buy or go for other alt coins

Logic.
In the next few months, you'll ask if it's okay to buy at a higher price or lower price. That's the cycle on these matters and if you still don't know whether you'd go for Bitcoin or altcoins, it's your problem but before you get confused. What's your target and what you really like to buy?
Follow your own instinct but before doing that, make sure that you've done your own research before purchasing the type of crypto you wanna have.

[Frankolala]

OP, you can buy bitcoin anytime as there is no specific time to buy bitcoin, no matter the price of bitcoin at that moment. $43k+ is still a very low amount consider the amount that we are expecting to see bitcoin price in the new ATH. It is better to buy now and get started rather than waiting to see if the price of bitcoin will dip or pump as delay is too dangerous because nobody knows the next price that bitcoin will move to.

If you want to diversify, it is better to diversify into other investment like bond, gold, stock or real estate so that whatever happens to the crypto market wouldn't affect all your investment. This is because bitcoin price movement controls every other altcoin and if bitcoin dips, they will dip and some might crash and will be unable to recover back. The risk in altcoins is very high compared to bitcoin, when you intend to invest over a long period of time.

[$crypto$]

Not really know if i can buy or go for other alt coins

Many people will recommend that you buy bitcoin because it is said to be a safe asset rather than altcoins which can be said to be like gambling, you can still buy now if you want, if this is too high then invest in a scale or DCA method in the amount you can afford not all at once because it will feel too high a price now.

You choose altcoins it's up to you because the decision returns to the individual, as long as you never put investment in new projects it is more failure than profit especially meme coins better avoid.

[Mpamaegbu]

I don't know why people like chasing price, deliberately. If someone isn't here or vast in this industry or doesn't know one or two things, we can excuse such a person. If someone has been registered here for awhile and they're still asking this type of question then it becomes overwhelmingly obvious they aren't serious about making any investment in Bitcoin. For awhile now it has been a chorus in this forum for members to buy and hodl in preparation for the bull rally even when Bitcoin was still around $23k. If someone is still asking if they should buy now that price is around $44k for something that's projected to get to $120k, they can still wait a bit more so they can buy it when it gets to $85k.

[thecodebear]

Why would you be trying to choose between Bitcoin and altcoins. Those are two very different things. If you want to grow your wealth safely long term buy Bitcoin. If you want to bet on a short term gain for an altcoin, like if you are trading, then you could get altcoins short term.

The market is still pre-halving and well below last cycle's all time high. The peak of this market cycle next year will probably be about 3 times the current price of Bitcoin, so it is certainly ok to buy Bitcoin in the $40,000s....why wouldn't it?! Buying now means you're getting in fairly low in the cycle. To compare, last market cycle this would have been like buying in between $10k and $15k.

[Beparanf]

Not really know if i can buy or go for other alt coins

Don’t buy altcoins at this current price. Most of them is already pump more than 100% which is greater than Bitcoin growth. You will have higher risk of losing more if Bitcoin suddenly experience correction.

Best choice is to purchase Bitcoin because all the upcoming good news is related to Bitcoin while altcoin will surely correct hard once Bitcoin dominance strengthens due to the upcoming hype. When in doubt choose always Bitcoin as investment. You can diversify your asset but put the majority of your holdings to Bitcoin rather than altcoin.

[BABY SHOES]

Do you have a reason why you don't really know the current price? Maybe the reason is that the price is already high and looking down on the previous $30K range?

Ouh man you don't worry about buying bitcoin now, but it will be even more anxious if you choose the wrong altcoin YOU can lose because you only want bigger profits in altcoins but basically you choose the wrong coin.

People say "don't choose altcoin/shitcoin" YOU just study bitcoin and see how the history of bitcoin from past to present after finding the answer you will definitely choose bitcoin and not hesitate anymore. Trust me

[Cryptomultiplier]

Edited Subject -


Not really know if i can buy or go for other alt coins

It is very okay to buy BTC at its current price even if one intends to just hold overlooking the halving.
Right now, altcoins are dumping hard and the advice is to hold or buy even if it is a few Satoshis to hold even after the even of halving.
The current price is not that one should pay or purchase 1btc at once. A good DCA plan would help one achieve the dream of being a millionaire quicker than the plan of buying 1btc at once. It's just common sense, and even those who trade or have been DCAing for long knows this.